1440 Foods Expands Office With 14,050-Square-Foot Lease At 450 7th Avenue Manhattan
450 7th Avenue
Building Size
14,050 SF
Asset Type
Office
Closing
Nov 5, 2025
AI
The property asset involved in the transaction is an office space located at 450 7th Avenue, Manhattan. The asset spans 14,050 square feet and is situated on the 10th floor. The agreement is a six-year lease between the landlord and tenant, marking an expansion for the tenant in the Midtown Manhattan area.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 450 7th Avenue
- Market: Manhattan
- Landlord: Edward Hart - Kaufman Organization
- Tenant: 1440 Foods
- Landlord's Representative: Sam Stein - Kaufman Organization
- Tenant's Representatives: Scott Brown & Dylan Weisman - Newmark
This transaction involves key individuals and firms, including Edward Hart representing the landlord, Kaufman Organization, while Scott Brown and Dylan Weisman, from Newmark, represent the tenant, 1440 Foods. The deal illustrates the growing office presence of 1440 Foods as it secures a larger footprint in the locale.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93